THE WOOL MARKET

Waikato Times, Volume 117, Issue 19596, 7 June 1935, Page 2

THE WOOL MARKET

INTERNATIONAL CONCLAVE

DISCUSSIONS IN BERLIN

TWO DISTURBING FACTORS. United Press Assn.—Elec. Tel. Copyright. BERLIN, Juno 6. The International Wool Conference was opened tp-day in Berlin■M. Maurice du Brulle, in his presidential address, said the market might he considered sound because it had not suffered from any artificial manipulation. There were two disturbing factors influencing prices. The first was the policy of certain countries of preventing the flow of capital abroad. This had involved the suspension of the buying of raw materials, and when the prohibition was lifted buying was resumed on a large scale, raising values beyond a reasonable level. Secondly, countries whose monetary situation was being attacked were forced in the protection of their own Interests to convert their credits into goods, risking purchases In excess of normal requirements. It was a sign of the times that prices to-day were not determined by the ordinary economic law of supply and demand, but by other external impedimenta.

THE SYDNEY SALES.

THE MARKET CLOSES FIRM. SYDNEY, June 6. At the Sydney wool sales to-day 8540 bales were offered, and G 654 were sold. Also 1616 bales were sold privately. The market closed firm at the best point of the week. Greasy Merino sold to 19id. PRICES AT BRADFORD. THE MARKET QUIET. (Received June 7, 11 a.m.) LONDON, June 6. The Bradford market is quiet. Seventies brought 29d, sixty-fours 2~id, sixties 26d, fifty-sixes 181 d, fifties 14d, forty-sixes lid, forties lOd.